Aire Advisors LLC Has $18.58 Million Position in Comcast Co. (NASDAQ:CMCSA)

Aire Advisors LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 42.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 495,113 shares of the cable giant’s stock after acquiring an additional 147,766 shares during the quarter. Comcast comprises 3.8% of Aire Advisors LLC’s holdings, making the stock its 6th largest position. Aire Advisors LLC’s holdings in Comcast were worth $18,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CMCSA. FMR LLC grew its stake in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Comcast by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after purchasing an additional 838,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Finally, Amundi boosted its stake in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.4 %

CMCSA opened at $36.60 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company’s 50 day moving average price is $35.84 and its two-hundred day moving average price is $39.05. The firm has a market capitalization of $138.39 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMCSA shares. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Barclays decreased their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.